Dollar/Yen is trading at 135.2 .
Trading week at a glance - USD/JPY is up to 135.2, after closing yesterday at zero. Overall, a 0% move or 13,519 pips this week. (Trade Dollar/Yen with FXTM now).
Dollar/Yen's upside takes place amid mixed market indicators — following a previous reading of 14, Tankan Large Manufacturers Index (Q2) in Japan released Thursday fell short of the 13 figure expected by analysts with an actual reading of nine. Japan Tankan Large Non-Manufacturers Index (Q2) released earlier shows an improvement to 13 from the preceding data of nine, but falls short of the projected 14.
Meanwhile, Japan 10-Year JGB Auction released yesterday at 3:35 AM with a figure of 0.248, which is better than its previous number of 0.239. Japan Services PMI (Jun) released yesterday at 12:30 AM with a figure of 54, while the previous figure was 54.2. Released Friday, Japan's CFTC JPY speculative net positions showed an uptick at -52,600, up from the previous number of -58,500.
Outlook for rest of the week: The market is looking forward to the release of new data: Japan Household Spending (YoY) (May) is projected to rise to 2.1, beating the previous -1.7 figure. Official data is expected tomorrow at 11:30 PM. Japan's new Current Account n.s.a. (May) data will be available tomorrow at 11:50 PM. Data is expected to decline to 186 billion from its previous value of 501 billion. Japan Household Spending (MoM) (May) is expected to come out at 0.8 when it's released tomorrow at 11:30 PM, this is a decline from the preceding data which was one.